EU lost €25B due to US-Iran war

European Commission President Ursula von der Leyen has quantified the economic impact of the US-Israel conflict with Iran on the European Union. Speaking at a press conference following an informal EU summit in Cyprus, she stated that in the 54 days since the conflict began, the EU's bill for purchased carbon resources has increased by €25 billion without any increase in volume. Von der Leyen also called on the bloc to limit the use of strategic aviation fuel reserves, highlighting the strain on European energy security. Her remarks underscore the direct financial consequences for Europe of the ongoing military confrontation in the Middle East.